The growing need to treat wastewater in order to make
it usable for drinking and other purposes is propelling the growth of the ozone
generation technologies market. Ozone technologies disinfect air/gas and
wastewater (industrial and municipal), which can be further used for various
purposes.
The global market is expected to witness steady growth
over the next six years. Some of the major factors driving the demand for ozone
generation technologies include water scarcity and the growing need to conserve
natural water and treat wastewater. Favorable regulatory norms are also
expected to contribute to increased profitability for stakeholders.
However, lack of awareness regarding the benefits of this technology in a
few underdeveloped countries has been hindering market growth.
Rapid industrialization in the Asia Pacific region
coupled with growing disposable incomes in emerging economies of China and
India provide immense opportunities to major participants operating in the
industry. China and India are the two fastest growing economies in the world,
and their GDP growth rates are higher than the global average. Increasing
number of industries in Asia Pacific induces more wastewater generation, which
in turn escalates the need for water treatment via various means (including
ozone generation technologies).
Ozone generation technologies are generally used for
treating water and air/gas. Among these applications, wastewater treatment
accounts for approximately three fourth of the overall market. Treatment of
air/gas is the fastest growing segment of the industry, and accounts for the
remaining market share.
Some of the key market players include Absolute Ozone,
Alab LLC, Apt Water, BWT Group, Del Ozone, Fuji Electric, Mitsubishi Electric
Power Products, Inc., Norland International, and Nutech O3 among others.
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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